New Mexico News / Claims Pages / Page 7

Property/Casualty Insurer Profitability Slides

The U.S. property/casualty insurance industry in 2016 will likely post an underwriting loss for the first time in four years due to higher catastrophe losses, competitive market conditions and auto liability challenges, A.M. Best Co. Inc. said Monday.

January 31, 2017 Property Alabama Alaska Arizona Arkansas California

Two Issues Prompt Recalls Of Nearly 600K Volkswagen Vehicles

German carmaker Volkswagen will recall nearly 600,000 vehicles in the United States, most of them its premium Audi brand, over defects that could lead to fires or airbag malfunctions.

January 30, 2017 Auto Alabama Alaska Arizona Arkansas California

Ford Recalls F-150 For Instrument Cluster, Focus For Chassis Integrity Issues

Ford just issued two new recalls, covering two wildly different vehicle segments. In fact, these two recalls exist on opposite ends of a number of spectrums.

January 27, 2017 Auto Alabama Alaska Arizona Arkansas California

Marijuana Insurance Industry Is Taking Off Like Wildfire

This emerging market is rapidly growing strength throughout the United States with legalized cannabis. The marijuana insurance industry has exploded since certain forms and uses of medicinal cannabis received approval.

January 26, 2017 Excess & Surplus Lines Alabama Alaska Arizona Arkansas California

When Cars Fight Back Against Thieves

Every 45 seconds, a car is stolen in the U.S., for a total value of $4.9 billion in stolen vehicles during 2015. And as vehicles have become more sophisticated, they’ve often inadvertently been left exposed to car theft in new ways.

January 18, 2017 Alabama Alaska Arizona Arkansas California

U.S. Roads Keep Getting More Dangerous

New government estimates project that for the second straight year, the United States will see the largest leap in motor vehicle fatalities in 50 years. In the first nine months of 2016, the Department of Transportation estimates that 27,875 people died in motor vehicle crashes.

January 18, 2017 Auto Liability Alabama Alaska Arizona Arkansas California

80K Rock Salt Lamps Sold By Michaels Recalled

Thousands of rock salt lamps sold at Michaels are under recall due to shock and fire hazards. The recall involves about 80,000 rock salt lamps sold under the Lumiere brand.

January 12, 2017 Liability Life & Health Alabama Alaska Arizona Arkansas California

Toshiba Expands Laptop Lithium-Ion Battery Recall

Last March, Toshiba recalled the lithium-ion battery packs used in approximately 91,000 laptops that were found to overheat, posing burn and fire hazards to consumers. Now, the company is expanding the safety initiative, recalling an additional 83,000 units.

January 5, 2017 Technology Alabama Alaska Arizona Arkansas California

NHTSA Investigating Rollaway Incidents In Dodge Models With Rotary Gear Selector

The National Highway Transportation Safety Administration (NHTSA) has launched a “preliminary evaluation” of approximately 1 million Dodge Ram pickups and Dodge Durango SUVs following 43 complaints alleging roll-aways when the vehicles are in the parked position.

December 20, 2016 Auto Alabama Alaska Arizona Arkansas California

Hyundai Recalls Minivans; Hoods Can Fly Open While Moving

Hyundai is recalling more than 41,000 older minivans because the hoods can fly open while they’re being driven. The recall covers the Entourage minivan from the 2007 and 2008 model years.

December 8, 2016 Auto Alabama Alaska Arizona Arkansas California

Predictive Analytics: A Powerful Fraud-Fighting Tool

Technology is a valued ally of insurers in combatting insurance fraud. And for good reason — this crime is growing. These are two findings of the Coalition’s newest study of how insurers use tech to combat billions of dollars in fraud each year.

December 7, 2016 Liability Workers' Compensation Alabama Alaska Arizona Arkansas California

Workers’ Comp Study Identifies Best Practices For Claims Success

What makes a claims organization successful? They tend to measure their performance using outcomes-based metrics, employ claim decision support tools such as workflow automation and predictive modeling, and use an “advocacy-based” claims model that puts employees’ needs first.

December 1, 2016 Workers' Compensation Alabama Alaska Arizona Arkansas California

Another Recall For Dehumidifiers Responsible For $19M In Property Damage

Federal safety regulators are hoping the fourth time is the charm for millions of recalled dehumidifiers that have now been linked to 450 fires and more than $19 million in property damage: Gree Electric Appliances — the manufacturer fined a record $15.45 million over the fiery dehumidifiers earlier this year — has re-announced the recall.

December 1, 2016 Property Alabama Alaska Arizona Arkansas California

Albuquerque Residents Use Social Media To Combat Auto Theft

These days, most locals know someone affected by property crime. The National Insurance Crime Bureau Ranked Albuquerque number two last year for most auto thefts in the nation. Now, residents are fed up.

November 29, 2016 Auto New Mexico

Faulty Sliding Doors Prompt Recall Of 744K Toyota Sienna Minivans

Unless you have little regard for your personal safety or the safety of those in your vehicle, you generally want the doors on your minivan to remain closed while it’s in operation.

November 23, 2016 Auto Alabama Alaska Arizona Arkansas California